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Valeura Energy (TSE:VLE) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Valeura Energy logo with Energy background
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Shares of Valeura Energy Inc. (TSE:VLE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.04 and traded as high as C$7.50. Valeura Energy shares last traded at C$7.41, with a volume of 155,219 shares trading hands.

Valeura Energy Stock Performance

The business's 50-day moving average price is C$7.55 and its 200-day moving average price is C$6.07. The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91. The stock has a market cap of C$492.48 million, a P/E ratio of 5.90 and a beta of 0.81.

Insider Activity

In related news, Director James D. Mcfarland sold 100,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of C$7.70, for a total value of C$770,200.00. Insiders own 18.32% of the company's stock.

Valeura Energy Company Profile

(Get Free Report)

Valeura Energy Inc is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with imbedded reinvestment opportunities.

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